Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - OCCIDENTAL PETROLEUM CORP /DE/ | form8k-20120125.htm |
| EX-99.1 - EXHIBIT 99.1 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_1-20120125.htm |
| EX-99.4 - EXHIBIT 99.4 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_4-20120125.htm |
| EX-99.5 - EXHIBIT 99.5 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_5-20120125.htm |
| EX-99.2 - EXHIBIT 99.2 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_2-20120125.htm |
EXHIBIT 99.3
Investor Relations Supplemental Schedules
|
Investor Relations Supplemental Schedules
|
|||
|
Summary
|
|||
|
($ Millions)
|
|||
|
4Q 2011
|
4Q 2010
|
||
|
Core Results
|
$1,641
|
$1,287
|
|
|
EPS - Diluted
|
$2.02
|
$1.58
|
|
|
Reported Net Income
|
$1,634
|
$1,212
|
|
|
EPS - Diluted
|
$2.01
|
$1.49
|
|
|
Total Worldwide Sales Volumes (mboe/day)
|
749
|
699
|
|
|
Total Worldwide Production Volumes (mboe/day)
|
748
|
714
|
|
|
Total Worldwide Crude Oil Realizations ($/BBL)
|
$99.62
|
$79.96
|
|
|
Total Worldwide NGL Realizations ($/BBL)
|
$55.25
|
$49.17
|
|
|
Domestic Natural Gas Realizations ($/MCF)
|
$3.59
|
$4.13
|
|
|
Wtd. Average Basic Shares O/S (mm)
|
810.7
|
812.6
|
|
|
Wtd. Average Diluted Shares O/S (mm)
|
811.5
|
813.7
|
|
|
YTD 2011
|
YTD 2010
|
||
|
Core Results
|
$6,828
|
$4,664
|
|
|
EPS - Diluted
|
$8.39
|
$5.72
|
|
|
Reported Net Income
|
$6,771
|
$4,530
|
|
|
EPS - Diluted
|
$8.32
|
$5.56
|
|
|
Total Worldwide Sales Volumes (mboe/day)
|
731
|
701
|
|
|
Total Worldwide Production Volumes (mboe/day)
|
733
|
706
|
|
|
Total Worldwide Crude Oil Realizations ($/BBL)
|
$97.92
|
$75.16
|
|
|
Total Worldwide NGL Realizations ($/BBL)
|
$55.53
|
$45.08
|
|
|
Domestic Natural Gas Realizations ($/MCF)
|
$4.06
|
$4.53
|
|
|
Wtd. Average Basic Shares O/S (mm)
|
812.1
|
812.5
|
|
|
Wtd. Average Diluted Shares O/S (mm)
|
812.9
|
813.8
|
|
|
Shares Outstanding (mm)
|
811.0
|
812.8
|
|
|
Cash Flow from Operations
|
$ 12,300
|
$ 9,600
|
|
1
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2011 Fourth Quarter
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
2,537
|
$
|
2,537
|
|||||||||
|
Chemical
|
144
|
144
|
|||||||||||
|
Midstream, marketing and other
|
70
|
70
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(25
|
)
|
(25
|
)
|
|||||||||
|
Other
|
(136
|
)
|
(136
|
)
|
|||||||||
|
Taxes
|
(949
|
)
|
(949
|
)
|
|||||||||
|
Income from continuing operations
|
1,641
|
-
|
1,641
|
||||||||||
|
Discontinued operations, net of tax
|
(7
|
)
|
7
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
1,634
|
$
|
7
|
$
|
1,641
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.02
|
|||||||||||
|
Discontinued operations, net
|
(0.01
|
)
|
|||||||||||
|
Net Income
|
$
|
2.01
|
$
|
2.02
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.02
|
|||||||||||
|
Discontinued operations, net
|
(0.01
|
)
|
|||||||||||
|
Net Income
|
$
|
2.01
|
$
|
2.02
|
|||||||||
2
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2010 Fourth Quarter
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
1,666
|
$
|
275
|
Asset impairments
|
$
|
1,941
|
||||||
|
Chemical
|
111
|
111
|
|||||||||||
|
Midstream, marketing and other
|
202
|
202
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(20
|
)
|
(20
|
)
|
|||||||||
|
Other
|
(149
|
)
|
(149
|
)
|
|||||||||
|
Taxes
|
(618
|
)
|
(100
|
)
|
Tax effect of adjustments
|
(798
|
)
|
||||||
|
(80
|
)
|
Benefit from foreign tax credit
|
|||||||||||
|
carry-forwards
|
|||||||||||||
|
Income from continuing operations
|
1,192
|
95
|
1,287
|
||||||||||
|
Discontinued operations, net of tax
|
20
|
(20
|
)
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
1,212
|
$
|
75
|
$
|
1,287
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
1.47
|
|||||||||||
|
Discontinued operations, net
|
0.02
|
||||||||||||
|
Net Income
|
$
|
1.49
|
$
|
1.58
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
1.47
|
|||||||||||
|
Discontinued operations, net
|
0.02
|
||||||||||||
|
Net Income
|
$
|
1.49
|
$
|
1.58
|
|||||||||
3
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2011 Twelve Months
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
10,241
|
$
|
35
|
Libya exploration write-off
|
$
|
10,283
|
||||||
|
(22
|
)
|
Gain on sale of Colombia pipeline interest
|
|||||||||||
|
29
|
Foreign tax
|
||||||||||||
|
Chemical
|
861
|
861
|
|||||||||||
|
Midstream, marketing and other
|
448
|
448
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(284
|
)
|
163
|
Premium on debt extinguishments
|
(121
|
)
|
|||||||
|
Other
|
(425
|
)
|
(425
|
)
|
|||||||||
|
Taxes
|
(4,201
|
)
|
(50
|
)
|
Tax effect of adjustments
|
(4,218
|
)
|
||||||
|
33
|
State income tax charge
|
||||||||||||
|
Income from continuing operations
|
6,640
|
188
|
6,828
|
||||||||||
|
Discontinued operations, net of tax
|
131
|
(131
|
)
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
6,771
|
$
|
57
|
$
|
6,828
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
8.16
|
|||||||||||
|
Discontinued operations, net
|
0.16
|
||||||||||||
|
Net Income
|
$
|
8.32
|
$
|
8.39
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
8.16
|
|||||||||||
|
Discontinued operations, net
|
0.16
|
||||||||||||
|
Net Income
|
$
|
8.32
|
$
|
8.39
|
|||||||||
4
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2010 Twelve Months
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
7,151
|
$
|
275
|
Asset impairments
|
$
|
7,426
|
||||||
|
Chemical
|
438
|
438
|
|||||||||||
|
Midstream, marketing and other
|
472
|
472
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(93
|
)
|
(93
|
)
|
|||||||||
|
Other
|
(404
|
)
|
(404
|
)
|
|||||||||
|
Taxes
|
(2,995
|
)
|
(100
|
)
|
Tax effect of adjustments
|
(3,175
|
)
|
||||||
|
(80
|
)
|
Benefit from foreign tax credit
|
|||||||||||
|
carry-forwards
|
|||||||||||||
|
Income from continuing operations
|
4,569
|
95
|
4,664
|
||||||||||
|
Discontinued operations, net of tax
|
(39
|
)
|
39
|
Discontinued operations, net
|
-
|
|
|||||||
|
Net Income
|
$
|
4,530
|
$
|
134
|
$
|
4,664
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
5.62
|
|||||||||||
|
Discontinued operations, net
|
(0.05
|
)
|
|||||||||||
|
Net Income
|
$
|
5.57
|
$
|
5.73
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
5.61
|
|||||||||||
|
Discontinued operations, net
|
(0.05
|
)
|
|||||||||||
|
Net Income
|
$
|
5.56
|
$
|
5.72
|
|||||||||
5
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
Worldwide Effective Tax Rate
|
||||||||||||||
|
QUARTERLY
|
YEAR-TO-DATE
|
|||||||||||||
|
2011
|
2011
|
2010
|
2011
|
2010
|
||||||||||
|
REPORTED INCOME
|
QTR 4
|
QTR 3
|
QTR 4
|
12 Months
|
12 Months
|
|||||||||
|
Oil & Gas
|
2,537
|
2,612
|
1,666
|
10,241
|
7,151
|
|||||||||
|
Chemicals
|
144
|
245
|
111
|
861
|
438
|
|||||||||
|
Midstream, marketing and other
|
70
|
77
|
202
|
448
|
472
|
|||||||||
|
Corporate & other
|
(161
|
)
|
(72
|
)
|
(169
|
)
|
(709
|
)
|
(497
|
)
|
||||
|
Pre-tax income
|
2,590
|
2,862
|
1,810
|
10,841
|
7,564
|
|||||||||
|
Income tax expense
|
||||||||||||||
|
Federal and state
|
435
|
433
|
129
|
1,795
|
1,087
|
|||||||||
|
Foreign
|
514
|
654
|
489
|
2,406
|
1,908
|
|||||||||
|
Total
|
949
|
1,087
|
618
|
4,201
|
2,995
|
|||||||||
|
Income from continuing operations
|
1,641
|
1,775
|
1,192
|
6,640
|
4,569
|
|||||||||
|
Worldwide effective tax rate
|
37%
|
38%
|
34%
|
39%
|
40%
|
|||||||||
|
2011
|
2011
|
2010
|
2011
|
2010
|
||||||||||
|
CORE RESULTS
|
QTR 4
|
QTR 3
|
QTR 4
|
12 Months
|
12 Months
|
|||||||||
|
Oil & Gas
|
2,537
|
2,612
|
1,941
|
10,283
|
7,426
|
|||||||||
|
Chemicals
|
144
|
245
|
111
|
861
|
438
|
|||||||||
|
Midstream, marketing and other
|
70
|
77
|
202
|
448
|
472
|
|||||||||
|
Corporate & other
|
(161
|
)
|
(72
|
)
|
(169
|
)
|
(546
|
)
|
(497
|
)
|
||||
|
Pre-tax income
|
2,590
|
2,862
|
2,085
|
11,046
|
7,839
|
|||||||||
|
Income tax expense
|
||||||||||||||
|
Federal and state
|
435
|
433
|
309
|
1,825
|
1,267
|
|||||||||
|
Foreign
|
514
|
654
|
489
|
2,393
|
1,908
|
|||||||||
|
Total
|
949
|
1,087
|
798
|
4,218
|
3,175
|
|||||||||
|
Core results
|
1,641
|
1,775
|
1,287
|
6,828
|
4,664
|
|||||||||
|
Worldwide effective tax rate
|
37%
|
38%
|
38%
|
38%
|
41%
|
|||||||||
6
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Fourth Quarter Net Income (Loss)
|
||||||||||||
|
Reported Income Comparison
|
||||||||||||
|
Fourth
|
Third
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2011
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,537
|
$
|
2,612
|
$
|
(75
|
)
|
|||||
|
Chemical
|
144
|
245
|
(101
|
)
|
||||||||
|
Midstream, marketing and other
|
70
|
77
|
(7
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(25
|
)
|
(23
|
)
|
(2
|
)
|
||||||
|
Other
|
(136
|
)
|
(49
|
)
|
(87
|
)
|
||||||
|
Taxes
|
(949
|
)
|
(1,087
|
)
|
138
|
|||||||
|
Income from continuing operations
|
1,641
|
1,775
|
(134
|
)
|
||||||||
|
Discontinued operations, net
|
(7
|
)
|
(4
|
)
|
(3
|
)
|
||||||
|
Net Income
|
$
|
1,634
|
$
|
1,771
|
$
|
(137
|
)
|
|||||
|
Earnings Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.01
|
$
|
2.17
|
$
|
(0.16
|
)
|
|||||
|
Diluted
|
$
|
2.01
|
$
|
2.17
|
$
|
(0.16
|
)
|
|||||
|
Worldwide Effective Tax Rate
|
37%
|
38%
|
1%
|
|||||||||
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Fourth Quarter Net Income (Loss)
|
||||||||||||
|
Core Results Comparison
|
||||||||||||
|
Fourth
|
Third
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2011
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,537
|
$
|
2,612
|
$
|
(75
|
)
|
|||||
|
Chemical
|
144
|
245
|
(101
|
)
|
||||||||
|
Midstream, marketing and other
|
70
|
77
|
(7
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(25
|
)
|
(23
|
)
|
(2
|
)
|
||||||
|
Other
|
(136
|
)
|
(49
|
)
|
(87
|
)
|
||||||
|
Taxes
|
(949
|
)
|
(1,087
|
)
|
138
|
|||||||
|
Core Results
|
$
|
1,641
|
$
|
1,775
|
$
|
(134
|
)
|
|||||
|
Core Results Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.02
|
$
|
2.18
|
$
|
(0.16
|
)
|
|||||
|
Diluted
|
$
|
2.02
|
$
|
2.18
|
$
|
(0.16
|
)
|
|||||
|
Worldwide Effective Tax Rate
|
37%
|
38%
|
1%
|
|||||||||
7
Investor Relations Supplemental Schedules
8
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Fourth Quarter Net Income (Loss)
|
||||||||||||
|
Reported Income Comparison
|
||||||||||||
|
Fourth
|
Fourth
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2010
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,537
|
$
|
1,666
|
$
|
871
|
||||||
|
Chemical
|
144
|
111
|
33
|
|||||||||
|
Midstream, marketing and other
|
70
|
202
|
(132
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(25
|
)
|
(20
|
)
|
(5
|
)
|
||||||
|
Other
|
(136
|
)
|
(149
|
)
|
13
|
|||||||
|
Taxes
|
(949
|
)
|
(618
|
)
|
(331
|
)
|
||||||
|
Income from continuing operations
|
1,641
|
1,192
|
449
|
|||||||||
|
Discontinued operations, net
|
(7
|
)
|
20
|
(27
|
)
|
|||||||
|
Net Income
|
$
|
1,634
|
$
|
1,212
|
$
|
422
|
||||||
|
Earnings Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.01
|
$
|
1.49
|
$
|
0.52
|
||||||
|
Diluted
|
$
|
2.01
|
$
|
1.49
|
$
|
0.52
|
||||||
|
Worldwide Effective Tax Rate
|
37%
|
34%
|
-3%
|
|||||||||
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Fourth Quarter Net Income (Loss)
|
||||||||||||
|
Core Results Comparison
|
||||||||||||
|
Fourth
|
Fourth
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2010
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,537
|
$
|
1,941
|
$
|
596
|
||||||
|
Chemical
|
144
|
111
|
33
|
|||||||||
|
Midstream, marketing and other
|
70
|
202
|
(132
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(25
|
)
|
(20
|
)
|
(5
|
)
|
||||||
|
Other
|
(136
|
)
|
(149
|
)
|
13
|
|||||||
|
Taxes
|
(949
|
)
|
(798
|
)
|
(151
|
)
|
||||||
|
Core Results
|
$
|
1,641
|
$
|
1,287
|
$
|
354
|
||||||
|
Core Results Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.02
|
$
|
1.58
|
$
|
0.44
|
||||||
|
Diluted
|
$
|
2.02
|
$
|
1.58
|
$
|
0.44
|
||||||
|
Worldwide Effective Tax Rate
|
37%
|
38%
|
1%
|
|||||||||
9
Investor Relations Supplemental Schedules
10
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||
|
Fourth Quarter
|
Twelve Months
|
|||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||
|
NET PRODUCTION PER DAY:
|
||||||||||||||
|
United States
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
California
|
84
|
75
|
80
|
76
|
||||||||||
|
Permian
|
137
|
135
|
134
|
136
|
||||||||||
|
Midcontinent and other
|
19
|
9
|
16
|
7
|
||||||||||
|
Total
|
240
|
219
|
230
|
219
|
||||||||||
|
NGL (MBBL)
|
||||||||||||||
|
California
|
15
|
15
|
15
|
16
|
||||||||||
|
Permian
|
37
|
31
|
38
|
29
|
||||||||||
|
Midcontinent and other
|
18
|
7
|
16
|
7
|
||||||||||
|
Total
|
70
|
53
|
69
|
52
|
||||||||||
|
Natural Gas (MMCF)
|
||||||||||||||
|
California
|
276
|
259
|
260
|
280
|
||||||||||
|
Permian
|
167
|
215
|
157
|
199
|
||||||||||
|
Midcontinent and other
|
390
|
225
|
365
|
198
|
||||||||||
|
Total
|
833
|
699
|
782
|
677
|
||||||||||
|
Latin America
|
||||||||||||||
|
Crude Oil (MBBL)
|
Colombia
|
28
|
30
|
29
|
32
|
|||||||||
|
Natural Gas (MMCF)
|
Bolivia
|
14
|
18
|
15
|
16
|
|||||||||
|
Middle East / North Africa
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
Bahrain
|
5
|
3
|
4
|
3
|
||||||||||
|
Dolphin
|
9
|
11
|
9
|
11
|
||||||||||
|
Iraq
|
9
|
11
|
7
|
3
|
||||||||||
|
Libya
|
1
|
11
|
4
|
12
|
||||||||||
|
Oman
|
67
|
67
|
67
|
62
|
||||||||||
|
Qatar
|
76
|
75
|
73
|
76
|
||||||||||
|
Yemen
|
23
|
27
|
27
|
31
|
||||||||||
|
Total
|
190
|
205
|
191
|
198
|
||||||||||
|
NGL (MBBL)
|
||||||||||||||
|
Dolphin
|
9
|
12
|
10
|
13
|
||||||||||
|
Libya
|
-
|
1
|
-
|
1
|
||||||||||
|
Total
|
9
|
13
|
10
|
14
|
||||||||||
|
Natural Gas (MMCF)
|
||||||||||||||
|
Bahrain
|
180
|
170
|
173
|
169
|
||||||||||
|
Dolphin
|
181
|
232
|
199
|
236
|
||||||||||
|
Oman
|
58
|
47
|
54
|
48
|
||||||||||
|
Total
|
419
|
449
|
426
|
453
|
||||||||||
|
Barrels of Oil Equivalent (MBOE)
|
748
|
714
|
733
|
706
|
||||||||||
11
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||
|
Fourth Quarter
|
Twelve Months
|
|||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||
|
NET SALES VOLUMES PER DAY:
|
||||||||||||||
|
United States
|
||||||||||||||
|
Crude Oil (MBBL)
|
240
|
219
|
230
|
219
|
||||||||||
|
NGL (MBBL)
|
70
|
53
|
69
|
52
|
||||||||||
|
Natural Gas (MMCF)
|
833
|
699
|
782
|
677
|
||||||||||
|
Latin America
|
||||||||||||||
|
Crude Oil (MBBL)
|
32
|
31
|
29
|
32
|
||||||||||
|
Natural Gas (MMCF)
|
14
|
18
|
15
|
16
|
||||||||||
|
Middle East / North Africa
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
Bahrain
|
5
|
3
|
4
|
3
|
||||||||||
|
Dolphin
|
9
|
11
|
9
|
12
|
||||||||||
|
Iraq
|
6
|
-
|
3
|
-
|
||||||||||
|
Libya
|
1
|
9
|
4
|
12
|
||||||||||
|
Oman
|
66
|
63
|
69
|
61
|
||||||||||
|
Qatar
|
75
|
74
|
73
|
76
|
||||||||||
|
Yemen
|
24
|
27
|
27
|
30
|
||||||||||
|
Total
|
186
|
187
|
189
|
194
|
||||||||||
|
NGL (MBBL)
|
Dolphin
|
10
|
12
|
10
|
12
|
|||||||||
|
Libya
|
-
|
3
|
-
|
1
|
||||||||||
|
Total
|
10
|
15
|
10
|
13
|
||||||||||
|
Natural Gas (MMCF)
|
419
|
449
|
426
|
453
|
||||||||||
|
Barrels of Oil Equivalent (MBOE)
|
749
|
699
|
731
|
701
|
||||||||||
12
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
|||||||||||||||||
|
Fourth Quarter
|
Twelve Months
|
||||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
||||||||||||||
|
OIL & GAS:
|
|||||||||||||||||
|
PRICES
|
|||||||||||||||||
|
United States
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
94.50
|
79.20
|
92.80
|
73.79
|
|||||||||||||
|
NGL ($/BBL)
|
58.85
|
51.97
|
59.10
|
48.86
|
|||||||||||||
|
Natural gas ($/MCF)
|
3.59
|
4.13
|
4.06
|
4.53
|
|||||||||||||
|
Latin America
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
100.66
|
81.05
|
97.16
|
75.29
|
|||||||||||||
|
Natural Gas ($/MCF)
|
11.63
|
7.76
|
10.11
|
7.73
|
|||||||||||||
|
Middle East / North Africa
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
106.20
|
80.65
|
104.34
|
76.67
|
|||||||||||||
|
NGL ($/BBL)
|
29.17
|
39.13
|
32.09
|
30.64
|
|||||||||||||
|
Total Worldwide
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
99.62
|
79.96
|
97.92
|
75.16
|
|||||||||||||
|
NGL ($/BBL)
|
55.25
|
49.17
|
55.53
|
45.08
|
|||||||||||||
|
Natural Gas ($/MCF)
|
2.76
|
2.91
|
3.01
|
3.11
|
|||||||||||||
|
Fourth Quarter
|
Twelve Months
|
||||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
||||||||||||||
|
Exploration Expense
|
|||||||||||||||||
|
United States
|
|
$
|
71
|
$
|
27
|
$
|
204
|
$
|
162
|
||||||||
|
Latin America
|
-
|
6
|
1
|
7
|
|||||||||||||
|
Middle East / North Africa
|
2
|
21
|
53
|
93
|
|||||||||||||
|
TOTAL REPORTED
|
$
|
73
|
$
|
54
|
$
|
258
|
$
|
262
|
|||||||||
|
Less - non-core impairments
|
-
|
-
|
(35
|
)
|
-
|
||||||||||||
|
TOTAL CORE
|
$
|
73
|
$
|
54
|
$
|
223
|
$
|
262
|
|||||||||
13
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||||
|
Fourth Quarter
|
Twelve Months
|
|||||||||||||||
|
Capital Expenditures ($MM)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
|
Oil & Gas
|
||||||||||||||||
|
California
|
$
|
515
|
$
|
297
|
$
|
1,717
|
$
|
841
|
||||||||
|
Permian
|
385
|
212
|
1,146
|
502
|
||||||||||||
|
Midcontinent and other
|
433
|
131
|
1,158
|
269
|
||||||||||||
|
Latin America
|
79
|
56
|
218
|
163
|
||||||||||||
|
Middle East / North Africa
|
492
|
342
|
1,485
|
1,197
|
||||||||||||
|
Exploration
|
130
|
64
|
421
|
194
|
||||||||||||
|
Chemicals
|
116
|
108
|
234
|
237
|
||||||||||||
|
Midstream, marketing and other
|
|
388
|
144
|
|
1,089
|
501
|
||||||||||
|
Corporate
|
|
11
|
|
6
|
|
50
|
|
36
|
||||||||
|
TOTAL
|
$
|
2,549
|
$
|
1,360
|
$
|
7,518
|
$
|
3,940
|
||||||||
|
Depreciation, Depletion &
|
Fourth Quarter
|
Twelve Months
|
||||||||||||||
|
Amortization of Assets ($MM)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
|
Oil & Gas
|
||||||||||||||||
|
Domestic
|
$
|
489
|
$
|
366
|
$
|
1,754
|
$
|
1,412
|
||||||||
|
Latin America
|
23
|
31
|
90
|
122
|
||||||||||||
|
Middle East / North Africa
|
300
|
281
|
1,220
|
1,134
|
||||||||||||
|
Chemicals
|
81
|
79
|
330
|
321
|
||||||||||||
|
Midstream, marketing and other
|
39
|
37
|
|
173
|
142
|
|||||||||||
|
Corporate
|
6
|
6
|
24
|
22
|
||||||||||||
|
TOTAL
|
$
|
938
|
$
|
800
|
$
|
3,591
|
$
|
3,153
|
||||||||
14
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
CORPORATE
|
||||||||||||
|
($ millions)
|
||||||||||||
|
31-Dec-11
|
31-Dec-10
|
|||||||||||
|
CAPITALIZATION
|
||||||||||||
|
Long-Term Debt (including short-term borrowings)
|
$
|
5,871
|
$
|
5,111
|
||||||||
|
EQUITY
|
$
|
37,620
|
$
|
32,484
|
||||||||
|
Total Debt To Total Capitalization
|
13%
|
14%
|
||||||||||
15